Will leverage immense land demand, address South India’s pent-up housing inventory
Bangalore, 1 August 2018: India’s leading real estate services provider ANAROCK Property Consultants have announced that industry veteran Mayank Saksena has joined the Firm as Managing Director – Land & Head – South India Residential Services.
Prior to this appointment, Mayank Saksena was Managing Director of Land Services international property consultants JLL India, where he was also part of the India Leadership Council (ILC). During his tenure of over a decade there, he closed several high-ticket land deals and acquisition mandates. These include some of the largest land transactions on record across large cities in the country.
In his career spanning over 16 years, he has crafted transactions and acquisitions on behalf of prominent real estate developers, corporates and Government agencies. He is an acknowledged expert on land-related transactions knowledge leader for Pan India real estate markets.
Santhosh Kumar, Vice Chairman – ANAROCK Property Consultants says, “This is a critical appointment and the next step in ANAROCK’S evolution as India’s foremost full-deck real estate services provider. Mayank brings a robust developer-focused growth framework for land transactions to the table. He will also play a leading role in building our residential vertical in South India. With his strong developer relationships across segments and geographies, Mayank has an excellent understanding of various business models and market dynamics across the real estate domain.”
Mayank Saksena is forthright about his enthusiasm in joining ANAROCK. “Having worked with Anuj Puri and Santhosh Kumar over several years, I am coming home into a very familiar business environment led by India’s most accomplished real estate experts,” he says. “Land is the foundation of the real estate life-cycle, and I am excited to bring my experience in this critical vertical to help build the fastest-growing real estate company in the business. We already have several high-level mandates lined up. Moreover, South India is a major residential growth area for ANAROCK.”
At this point in time, Bengaluru, Hyderabad and Chennai still have unsold housing inventory of 85,000, 27,500 and 28,500 units respectively.
“When compared to Q2 2017, unsold inventory has declined by 24% in Bengaluru, 11% in Hyderabad and 10% in Chennai. This implies that the South Indian markets are improving and that the time is right to leverage the resurging demand,” says Saksena. “With ANAROCK’s proven abilities to unfetter pent-up inventory and its already strong presence in the South, we will now explore this market’s potential to the fullest.”
Mayank Saksena will be based out of ANAROCK’s Bangalore office and his role begins with immediate effect.
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